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4011 E Tether Trail Phoenix, AZ 85050

3 Beds 2 Baths 1,582 sqft Built 1997

INVESTimate

$369,900

List Price

$1,850

$1,665 - $2,035

Rent Est.

$384,215  ( +3.87%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $233.82
  • 6 Days on Market
  • MLS # : 6111395
  • Updated Date : 08/21/2020 at 11:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,582 sqft
  • Baths : 2 full
Listing Agent

Collective Concepts

Listing Agent's Description

This ideally located, corner lot house has plenty of space in the open concept living areas as well as three bedrooms and two bathrooms. The backyard is great for entertaining and enjoying the beautiful Arizona weather. This home is move in ready or there is potential to update it and turn it into your dream home. This one will go fast, schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tatum Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k409k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Tatum Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342195

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Wildfire Elementary School Primary Regular 712 35 9
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Wildfire Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 35
9
GreatSchools Rating

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,365
Property Tax -$233
Property Insurance -$58
HOA -$35
Property Management Fees -$99
CASH FLOW
$60

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$369,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.87%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$31,378

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,850

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,851

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,8754$1,9005$2,150
$2,150
RENT COMPS ANALYSIS
  • 4011 E Tether Trail Phoenix, 2
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.17
    •  
  • 4111 E Tether Trail Phoenix, 1
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1998
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
  • 4102 E Hide Trail Phoenix, 3
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.19
    •  
  • 4029 E Tether Trail Phoenix, 4
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1998
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.20
    •  
  • 4032 E Hide Trail Phoenix, 5
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1997
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.18
    •  
PROPERTY LISTING DETAILS
Reka Trune
Collective Concepts
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6111395
Last Updated: 08/21/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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